Destini Aviation to handle maintenance of AirAsia planes

Destini said on Monday its unit Destini Aviation Sdn Bhd had signed a collaboration agreement with AirAsia to lay the groundwork for the final negotiations and implementation plan to execute the strategic outsourcing exercise.

“The agreement covers key initiatives for strategic outsourcing namely technical handling, component maintenance, repair and overhaul, and hangar based MRO. Each of these initiatives is to be implemented in a phased manner over the next six to eight months, one after the other,” it said.

Destini said the agreement was expected to have positive contribution to the earnings per share, net assets per share and gearing of the Destini group.